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Neodesha approves financial services agreement with Stifel, Nicolaus & Co Inc to address water project notes
Summary
The commission approved a Financial Services Agreement with Stifel, Nicolaus & Co Inc to assist with project financing and to establish payment arrangements to close out the city's water project fund notes.
Administrator Jones presented a Financial Services Agreement with Stifel, Nicolaus & Co Inc designed to secure assistance with project financing and to establish a payment structure to close out the city's water project fund notes. After discussion, Commissioner Truelove moved to approve the agreement; Commissioner Banzet seconded and the motion carried.
The minutes do not include the agreement's dollar value, fee schedule, or timetable; the board approved authorizing the city administration to proceed with the engagement. Further contract details and any financing schedule are expected to be finalized outside of the regular meeting and reflected in future minutes or contracts.
